Stamp taxes

On the transfer of property in England, Wales and Northern Ireland, the SDLT is:

Residential Property

 Consideration
 Sole
 Additional
 Value up to £40,000
 0%
 0%
 Over £40,000 – £125,000
 0% 
 3%
 Over £125,000 – £250,000
 2%
 5%
 Over £250,000 – £925,000
 5% 
 8%
 Over £925,000 – £1,500,000
 10%
 13%
 Over £1,500,000
 12%
 15%

Residential SDLT calculated on the consideration falling within each band. Additional SDLT of 3% may apply to the purchase of additional residential properties from 1 April 2016.

Non-residential Property

 Consideration
 Rate
 Value up to £150,000
 0%
 Over £150,000 – £250,000
 2%
 Over £250,000 – £500,000
 5%

From 17 March 2016 the calculation of SDLT on purchase of non-residential property was changed from the whole transaction value to the same basis as residential (consideration falling within each band).

SDLT rates for leasehold rent transactions have also changed, with a new 2% rate on leases with a net present value (NPV) over £5 million.